USING THE MONTE CARLO METHOD IN SIMULATED MODELING OF ECONOMIC SYSTEMS
Rubrics: ARTICLES
Authors:
1.
Emperor Alexander I St. Petersburg State Transport University
Type:
Article
Pages:
from 38
to 42
Status:
Published
Received:
11.01.2025
Accepted:
11.01.2025
Published:
11.01.2025
Subject area:
UDK УДК
Language:
Russian
Keywords:
Monte Carlo method, statistical test method, simulation modeling, simulation method, economic system model, net present value, investment project evaluation
Abstract (English):
The article describes the procedure for simulating using the Monte Carlo method. The history and essence of the method are considered, its advantages and disadvantages are highlighted. Methods for leveling the disadvantages of the Monte Carlo method for obtaining reliable results in modeling are presented. A review of the use of the method for modeling economic systems was conducted. As an example of using simulation modeling, the calculation of the investment project performance indicator is presented.
The article describes the procedure for simulating using the Monte Carlo method. The history and essence of the method are considered, its advantages and disadvantages are highlighted. Methods for leveling the disadvantages of the Monte Carlo method for obtaining reliable results in modeling are presented. A review of the use of the method for modeling economic systems was conducted. As an example of using simulation modeling, the calculation of the investment project performance indicator is presented.
Keywords:
Monte Carlo method, statistical test method, simulation modeling, simulation method, economic system model, net present value, investment project evaluation
Monte Carlo method, statistical test method, simulation modeling, simulation method, economic system model, net present value, investment project evaluation
1.
